In many cases, the marital home is owned by both parties and is often the most profitable asset that needs…
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DO I NEED TO COMPLETE THE SEPARATION AGREEMENT RIGHT AWAY?
No! With an accepted separation agreement, we can get the process started for you. However, it will be a condition to…
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DO I NEED A SEPARATION AGREEMENT?
Yes! In almost all cases, a separation agreement is required as a fundamental component to securing you your new mortgage. A separation…
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DOES MY SEPARATION AGREEMENT HAVE TO BE LEGALIZED?
No! While a separation agreement is required, it is not mandatory that your agreement be legalized by your lawyer. In provinces…
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WHAT DOCUMENTS WILL I NEED TO CONFIRM MY ASSETS OR DOWN PAYMENT?
Your separation agreement will specifically outline the division of all joint assets going to either party. If you are using these…
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CAN I APPLY ON MY OWN NOW?
Absolutely, just get in touch with one of our advisors and we will walk you through each step of the…
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DOES MY DIVORCE NEED TO BE FINALIZED BEFORE I GET A NEW MORTGAGE?
No! In Canada, a separation period of 12 months is required prior to being able to finalize a divorce. For this…
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What is a separation mortgage?
A separation mortgage is a type of home loan designed for individuals who are going through a separation or divorce.…
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How can a separation mortgage help me?
A separation mortgage can provide several benefits: Property Buyout: It allows you to buy out your former partner's share of the…
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What documents are required for a separation mortgage?
Commonly required documents include: Personal identification (such as driver's licence or passport) Proof of income (recent pay stubs, income tax returns) Divorce or…